Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other bioactive molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for optimizing drug potency and metabolic stability. Also employed in agrochemical research for designing novel pesticides and herbicides due to its ability to enhance binding affinity to target enzymes in pests. Additionally, serves as a building block in the preparation of ligands for catalysis, especially in transition metal-catalyzed reactions.